|Gaming Realms PLC|
|Deal:||£23m sale of a 70% equity stake in UK online casino assets and management relating to the brands Pocket Fruity, Spin Genie, Britain’s Got Talent Games and X Factor Games|
|About the client:||Gaming Realms plc (GMR.L) is an AIM-listed developer, publisher and licensor of mobile real money and social games|
|About the transaction:||Akur advised GMR on the transaction that will result (subject to shareholder approval and other closing conditions) in the sale of 70% of the Company’s UK online casino B2C business to River iGaming plc
In addition to the consideration, River UK Casino (subsidiary of River iGaming plc) entered into a five year B2B platform and content agreement
Patrick Solution, CEO of Gaming Realms, said:
“We are delighted to announce this agreement with River iGaming, which aligns perfectly with our strategy
We are hugely grateful to the Akur team for their central role in bringing this transaction together
From identifying and introducing the most appropriate partners through to structuring, negotiating and finalising the deal with River iGaming, we have been impressed with Akur’s network, knowledge and advice throughout the process”
Chris is focused on listed closed-ended funds, specialising in both equity and debt capital fundraising.
He has over 16 years’ experience in both sales and research. With relationships across many of the large institutional investors in the sector, he has worked across IPOs, secondary fundraisings, placings and sales.
He began his career in the City as an investment funds analyst at Credit Lyonnais in 1999, and has subsequently held positions at Lazard Panmure Gordon, Arbuthnot Securities, and most recently as a specialist salesman within the investment funds team at Westhouse Securities. He is focused on private and public real estate and REITs, infrastructure and utilities, emerging markets, private equity and alternatives.
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